Any person who earns a salary of more than N$ 50,000 per annum should register as a taxpayer and submit the proof of registration to their employer.
The total of the amounts that may be deducted for all the above 3 deductions is limited to N$40,000.
Each person must submit a self-assessment return of income: Individual Salaried (brown or blue tax form) on or before 30 June of each year.
Taxpayers who earn income from more than one source should know that the tax rate applicable is for the combined income.
Self-assessment return of income: Individual Salaried
Taxpayers are required to submit a self-assessment return of income on or before 30 June of each year.
30 June 2023
The table below depicts the individual income tax rates
| Where the taxable amount- | Tax Rate |
|---|---|
| Does not Exceed N$ 50 000 | No tax payable |
| Exceeds N$ 50 000 but does not exceeds N$ 100 000 | 18% of the amount by which the taxable amount exceeds N$ 50 000 |
| Exceeds N$100 000 but does not exceeds N$ 300 000 | N$9 000 plus 25% of the amount by which the taxable amount exceeds N$ 100 000 |
| Exceeds N$ 300 000 but does not exceeds N$ 500 000 | N$ 59 000 plus 28% of the amount by which the taxable amount exceeds N$ 300 000 |
| Exceeds N$ 500 000 but does not exceed N$ 800 000 | N$ 115 000 plus 30% of the amount by which the taxable amount exceeds N$ 500 000 |
| Exceeds N$ 800 000 but does not exceeds N$ 1 500 000 | N$ 205 000 plus 32% of the amount by which the taxable amount exceeds N$ 500 000 |
| Exceeds N$ 1 500 000 | N$ 429 000 plus 37% of the amount by which the taxable amount exceeds N$ 1 500 000 |
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